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economy. i think we could see pretty rapid rates of growth in next couple years if we get some of these problems solved which i think is coming. i think we'll see tax reform. i think we'll see entitlement reform in this country. you know what? give how bad this recovery has been so far, melissa, we're still five million jobs short where we were five years ago. melissa: yeah. >> you get the economy moving again that debt-to-gdp ratio falls. that is the good news of the story that is not reported. you have to grow the gdp, which is the numerous rate tore, i mean the denominator then you get the debt-to-gdp ratio fall. you need growth and spending cuts. melissa: you think the political will is out there to really riot at some point? >> i think washington, look i think the american people, the vast majority of us, are willing to make these decisions about, what are we going to do about the future of medicare and social security. the one thing we always americans have to grapple with, we don't talk
economy. i think we could see pretty rapid rates of growth in next couple years if we get some of these problems solved which i think is coming. i think we'll see tax reform. i think we'll see entitlement reform in this country. you know what? give how bad this recovery has been so far, melissa, we're still five million jobs short where we were five years ago. melissa: yeah. >> you get the economy moving again that debt-to-gdp ratio falls. that is the good news of the story that is not...
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Sep 27, 2012
09/12
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this is the obama economy. 8.1% unemployment. $6 terrell in new obama debt. 1 in 6 americans currently live in poverty in this country. 46 million americans are in need of food stamps. fewer americans are working today than when the president took office in january of '09. gas prices have soared by over 100% during his tenure. today we learn that the average household income dropped by more than 8% in the less than four years president obama's been in office. what's the president doing about all that? well, he's, of course, campaigning out there all over the country. earlier today he stopped by kent state university in ohio, a place he visited back in 2008. let's take a walk down memory lane and see what he said. >> when bill clinton was president the average family income went up $7500. $7500. since george bush has been president, it's gone down $2,000. think about that. that's a $9500 swing. $9500. that's money out of your pocket. that's money going out of this country because we're borrowing it from china to send to saudi arabia to buy oil. that's what's added $4 trillion to our def
this is the obama economy. 8.1% unemployment. $6 terrell in new obama debt. 1 in 6 americans currently live in poverty in this country. 46 million americans are in need of food stamps. fewer americans are working today than when the president took office in january of '09. gas prices have soared by over 100% during his tenure. today we learn that the average household income dropped by more than 8% in the less than four years president obama's been in office. what's the president doing about...
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find out what's really happening to the global economy for a no holds barred look at the global financial headlines to cause a report on our to. come up. there are those who desperately need it to survive. despite calls because the town gives money to look out. for gold when the fish. and the suppresses the prize the rights of the food for. new clothes and. those who don't get their share of the traits. good by god's. grace i mean old dos but not the one not us that people need to know about it i mean not look at it it from the company from. those who suck it out to prosper. inside the seas and say. from you not from. some. nice licensed. no one can live without it's in one of the largest blood banks in the world. blood of nigeria. on r.t. . critique three. three. three. three. three. three braun video for your media project free media darty dot com. hello and welcome to the business updates on r.t. with me to meet you medvedev and co that's as we were saying earlier this hour mark zuckerberg the head of facebook is in moscow you arrived yesterday and for a stroll in red square went down
find out what's really happening to the global economy for a no holds barred look at the global financial headlines to cause a report on our to. come up. there are those who desperately need it to survive. despite calls because the town gives money to look out. for gold when the fish. and the suppresses the prize the rights of the food for. new clothes and. those who don't get their share of the traits. good by god's. grace i mean old dos but not the one not us that people need to know about it...
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find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to conjure reports . you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom parker welcome to the big show. you. you. you. you. are a nation of free credit cage free in-store charges free.
find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to conjure reports . you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom parker welcome to the big show. you. you. you. you. are a nation of free credit cage free in-store charges free.
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that suggests a weakening economy. we got a 3.36% rate on 30 year fixed rate mortgages at an all-time low. maybe that suggests a lot of money printing by the fed and a weak economy. i don't have another explanation why the dow is up 95 except that. lousy factory orders means ben bernanke will print bigger. >> no bad news out of europe. everyone is focused on europe and not what is going on in the economy domestically. a lot of schizophrenic information. great manufacturing numbers early in the weekend bad numbers today. can't make sense of that. stuart: i won't say it was a romney rally. >> if you did i would back you up. stuart: wait a second. let's be serious. we are five weeks from the election. we have had one debate and a result that favors romney. can you really say the dow up 1900 points is a result of romney's win? >> i think it gives it some additional momentum. it gives a little bit of a boost because romney is the choice of wall street. he is good for the market and good for the economy. the people who work
that suggests a weakening economy. we got a 3.36% rate on 30 year fixed rate mortgages at an all-time low. maybe that suggests a lot of money printing by the fed and a weak economy. i don't have another explanation why the dow is up 95 except that. lousy factory orders means ben bernanke will print bigger. >> no bad news out of europe. everyone is focused on europe and not what is going on in the economy domestically. a lot of schizophrenic information. great manufacturing numbers early...
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the economy takes center stage. we'll find out what president obama and mitt romney have to say to win voters. >>> bald may or may not be beautiful. it is in the eyes of the beholder but is it all powerful? will it could give some men a big advantage in business. even when they say it's not, it is always about money. melissa: let's take a look at the day's market headlines. a choppy day for stocks. better than expected data from adp on private sector jobs and unexpected rise in service sector activity. din actually give a boost to wall street. the dow rose 12 points. meanwhile shares of hewlett-packard plunging to a nine-year low. ceo meg whitman warned profit and revenue will fall through the coming fiscal year. whitman says, the company's ongoing turn around effort is causing the gloomy outlook. >>> shares of netflix leaping more than 8%. a top citigroup analyst gives the company a strong outlook saying it is due to improved satisfaction among netflix subscribers. finally. take a look at that stock though, on fire
the economy takes center stage. we'll find out what president obama and mitt romney have to say to win voters. >>> bald may or may not be beautiful. it is in the eyes of the beholder but is it all powerful? will it could give some men a big advantage in business. even when they say it's not, it is always about money. melissa: let's take a look at the day's market headlines. a choppy day for stocks. better than expected data from adp on private sector jobs and unexpected rise in service...
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Oct 3, 2012
10/12
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i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the export economy. you're saying that it's in trouble, it's broken. >> i'm not saying it's broken. i'm saying there's a transition going on towards consumption exporting to europe and real estate are no longer going to be their drivers nap will probably create more volatility than we've had in the past. >> how easy is it to expect this transition? you're buying in the consumer space. >> yes, and you have the transition of the government. one of the other big messages we picked up over there, particularly in i understondia, emerging market central banks, they're very concerned about what the traditional bank
i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the...
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Sep 29, 2012
09/12
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do we want a dynamic, growing economy that fosters opportunity or do we want a stagnant economy that fosters dependency? that is not who we are. we want to live free and prosper. we want to believe. [applause] when president obama came into office, he inherited a tough situation. the problem is the obama economic agenda failed, not because it was stopped. it failed because it was passed. do not forget this. he came into office with the ability to pass anything of his choosing. he did that. remember the stimulus? remember the idea that if we borrow $831 billion and spend it on pet projects and interest groups, they said unemployment would never reach 8%. we would be growing at 4% a year right now. unemployment has been above 8% for 43 months. our economy last quarter stalled at 1.3%. what is worse for all of these promises about cutting the deficit, growing the economy, bringing people together in a bipartisan fashion -- i will not even get into the oceans and tides. [laughter] i have heard that one. all of these promises were made. the idea of how been changed. it sounded good. -- th
do we want a dynamic, growing economy that fosters opportunity or do we want a stagnant economy that fosters dependency? that is not who we are. we want to live free and prosper. we want to believe. [applause] when president obama came into office, he inherited a tough situation. the problem is the obama economic agenda failed, not because it was stopped. it failed because it was passed. do not forget this. he came into office with the ability to pass anything of his choosing. he did that....
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Sep 29, 2012
09/12
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. >> -- make sure america leads in our homes, in our economy and in our military. i need something from you. that's my commitment to you. i need you to go out and find somebody who voted for barack obama and get him to vote for me. >> he's down but not out. can he turn it around with an october surprise? let's welcome stephanie cutter. it's going reasonably well for you guys. it's been a good couple weeks, really since the conventions. you've got a bit of momentum but i guess you're not taking this too complacently. >> no, absolutely not, piers. you know, debates can be a pivotal moment in campaigns. i remember eight years ago when john kerry was getting ready to debate george bush, we were eight points down. coming out of that first debate we were tied with george bush. so there is an opportunity for mitt romney if he takes advantage of it next wednesday night, to turn the momentum around. he not only has to win this debate but has to change the dynamics in this race. we know he's going to show up prepared, disciplined and aggressive, even tim pawlenty said that h
. >> -- make sure america leads in our homes, in our economy and in our military. i need something from you. that's my commitment to you. i need you to go out and find somebody who voted for barack obama and get him to vote for me. >> he's down but not out. can he turn it around with an october surprise? let's welcome stephanie cutter. it's going reasonably well for you guys. it's been a good couple weeks, really since the conventions. you've got a bit of momentum but i guess you're...
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Sep 29, 2012
09/12
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> congratulations on that. that was very well done. it was a mess. i was so nervous. >> were you? >> yes. it was -- it was so energizing and being there, like the platform was shaking. that's how -- how crazy the crowd was. >> i don't like speaking publicly when i don't have to be funny. >> we would all go along with that. two of my favorite ladies in hollywood talking my favorite subject, politics. chelsea handler's late night show, "chelsea lately" has a huge surprise
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your...
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Oct 3, 2012
10/12
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make him the perfect person to turn the economy around. a former vice chair of the federal reserve will join us to make the case against a ceo in the white house. that's something you'll want to hear. bane sure to tune in tonight. the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign st
make him the perfect person to turn the economy around. a former vice chair of the federal reserve will join us to make the case against a ceo in the white house. that's something you'll want to hear. bane sure to tune in tonight. the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany....
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Oct 1, 2012
10/12
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a strong economy means an economy where people will want to invest, where returns are are high, where money will flow in and those will be things that support the dollar in the medium to long term. so i don't see any insontscy wi inconsistency in our policy and maintaining a strong dollar. >> i want to make sure we got a question in about unemployment because it is a question i think a lot of people are thinking about. have you been surprised that the policies that have been implemented in the last few years haven't had a greater impact on the unemployment rate and what in your mind are the main explanations for why unemployment is still at the level that it is at? >> well, at some level the issue is not unemployment itself. it is the fact that the economy hasn't grown that fast. the unemployment rate has come down about as much or even a little more than you might expect it would given the speed of growth of the economy overall. if the economy's growing at trend or less, you're just not going to see much progress in unemployment. real question is not is there something wrong with the
a strong economy means an economy where people will want to invest, where returns are are high, where money will flow in and those will be things that support the dollar in the medium to long term. so i don't see any insontscy wi inconsistency in our policy and maintaining a strong dollar. >> i want to make sure we got a question in about unemployment because it is a question i think a lot of people are thinking about. have you been surprised that the policies that have been implemented...
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Sep 27, 2012
09/12
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. >>> we're learning about how political tensions between japan and china is affecting the economy. do you see that happening through the stock markets? >> indeed. investors will continue to keep a close eye on the political tensions between japan and china. we are, in fact hearing more news that the tension -- the rift is affecting japanese businesses and corporate activity. on wednesday, ana said that 40,000 seat reservations have been cancelled. we will keep an eye on china related issues. >>> turning to the currency market the yen gained ground against the dollar and the euro. the euro/yen around $99.99. euro/yen hit a two-week low of around 99.70 in european trading and that led to gns in the yen against the dollar, that pair pretty much remained in european trading and new york trading. back to you. >> catch you later. >>> japanese firms are asking mean mar to improve the business environment for foreign companies. it is attractive due to its rapid economic reforms. the chairman of the japan chamber of commence met with an official in the capital. he asked for swifter measures
. >>> we're learning about how political tensions between japan and china is affecting the economy. do you see that happening through the stock markets? >> indeed. investors will continue to keep a close eye on the political tensions between japan and china. we are, in fact hearing more news that the tension -- the rift is affecting japanese businesses and corporate activity. on wednesday, ana said that 40,000 seat reservations have been cancelled. we will keep an eye on china...
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economy. out of six 15-minute segments, 3 will focus on the nation's finances. the economy remains a top issue for voters. and many americans are anticipating a victory from the president. pew research reports 51% of voters say they think obama will win in tonight's broadcast. an analyst with the sunlight foundation tells first business that the pressure is on for the romney campaign. "in the polls it looks like romney is falling behind and falling further behind in the battleground states. although nationally it's a very close election, he's been hammered in the battleground states. the debates can be a great equalizer for him, but also that increases the pressure on him, whereas i think we are going to see barack obama playing a lot more defense." that was bill allison of the sunlight foundation. at long last, a wall street firm is being sued for fraud in connection with the housing crash. the suit was filed monday by the new york attorney general. the lawsuit holds jp morgan chase responsib
economy. out of six 15-minute segments, 3 will focus on the nation's finances. the economy remains a top issue for voters. and many americans are anticipating a victory from the president. pew research reports 51% of voters say they think obama will win in tonight's broadcast. an analyst with the sunlight foundation tells first business that the pressure is on for the romney campaign. "in the polls it looks like romney is falling behind and falling further behind in the battleground...
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Sep 30, 2012
09/12
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we live in a global economy, not a national economy. these interest rates we have now don't make any sense. we have a $4 trillion debt, and only in nerc would -- only in america would you finance seventy percent of it five years or less. so seventy percent of our debt is five years or less. it's very interest sensitive. we have a four percent gap between what we pay for treasuries, and what germany pays for one to five year treasuries. that gap is going to close, because the arabs, the japanese and folks in this country are going to start buying german treasuries because they can get more money. every time our interest rates go up one percent, that adds 28 billion dollars to the deficit or to the debt. whichever place you put it. we are sitting on a ticking time bomb folks, because we have totally mismanaged our country, and we had better get it back under control. just think in your own business, if you had all of your long term problems financed short term. you'd go broke in a hurry. >> we're going to move to foreign affairs. [applaus
we live in a global economy, not a national economy. these interest rates we have now don't make any sense. we have a $4 trillion debt, and only in nerc would -- only in america would you finance seventy percent of it five years or less. so seventy percent of our debt is five years or less. it's very interest sensitive. we have a four percent gap between what we pay for treasuries, and what germany pays for one to five year treasuries. that gap is going to close, because the arabs, the japanese...
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Oct 4, 2012
10/12
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don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ideology? >> no, because congress has to pass the tax rates over here. we have a congress. congress might let the rates go up to -- right now they're planning on letting them drop to 45%. when you add in state and local and some -- >> 39.6. what's five here or there. >> it's not 39.6. you have to add the medicare tax, the phase out of the personal exemption and standard deduction. that works out to around 44%. excuse me. >> okay, dpofolks. >> we're not going to get up to 75%. >> on that i agree. >> plus, our corporate tax rate is ten percentage points above that of our international competitors n competitors. that needs to be
don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ideology? >> no, because...
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spain is massively also linked to the british economy through banking and as well as to the smaller and already baled that portugal so you're talking about huge an unpredictable ripple of the acts of such developments across the euro zone and across the world across the global economy right now the mood is let's keep everyone and let's keep trying of course this comes at a cost and i don't see many people jumping up and down to grab that bill but the true euro zone style i think they will try to muddle through for a bit longer. i was machinist as a journalist for dow jones newswires. all right let's wrap up with loose change dimitri lauren lyster are you a football fan no i don't like football i'm not really i don't like football murder for born yeah i'm not really there so that's why i didn't really know that this was the biggest deal in the world but judging by the chatter in our news room it sure is and by now you've probably heard about the botched play call by n.f.l. refs during the green bay seattle game well that bad call apparently cost three hundred million dollars for vega
spain is massively also linked to the british economy through banking and as well as to the smaller and already baled that portugal so you're talking about huge an unpredictable ripple of the acts of such developments across the euro zone and across the world across the global economy right now the mood is let's keep everyone and let's keep trying of course this comes at a cost and i don't see many people jumping up and down to grab that bill but the true euro zone style i think they will try...
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Sep 29, 2012
09/12
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CNN
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all tra
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company....
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Oct 2, 2012
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FOXNEWSW
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back, and the united states gets our economy back again. as i said earlier, just alone, if you build the infrastructure, it's directly related to our gdp. if we spend 2% of our gdp on infrastructure, it's directly related. it's short-sighted for us not to spend money on infrastructure. sadly the last money meant to be recovery, only $150 billion went to infrastructure, the rest was sprinkled all around. it's very tough. both of the parties have to get together. >> sean: how do they get together? >> they have to solve the problems, because it's their responsibility. we sent them to washington to solve problems, not to -- >> sean: let me ask you this. one party -- weir 40 cents of every dollar. every time you talk about, for example, fixing medicare, which is going bankrupt, we get an ad, granny's being thrown off the cliff. right? every time republicans say we've got to manage money with the epa, the president will say the republicans want dirty air and water. they don't care about kids with autism and down's syndrome. that's the narrative g
back, and the united states gets our economy back again. as i said earlier, just alone, if you build the infrastructure, it's directly related to our gdp. if we spend 2% of our gdp on infrastructure, it's directly related. it's short-sighted for us not to spend money on infrastructure. sadly the last money meant to be recovery, only $150 billion went to infrastructure, the rest was sprinkled all around. it's very tough. both of the parties have to get together. >> sean: how do they get...
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Sep 29, 2012
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that's built to last. >> for an economy that's built to last. that's built to last. >> nicole says she doesn't mind hearing the same speech again and again. >> when you know the speech so well in and out, it makes it that much easier to pinpoint when there's something new. it's almost like your ears perk up. >> the whole pack perks up, what was that? >> you see all of us furiously typing or tweeting. >> sometimes campaigns play with reporters, use us for their purposes. get a joy in fooling the media? >> yes, but more importantly in a campaign you want to have your own narrative at your own time. >> my running mate, dick cheney. >> before bush made this announcement, rove wanted to mislead the media. >> we had a guy on the campaign who was a leaker. >> how do you know he was a leaker? >> well, because he was a leaker. -- said, what's going on with the vice presidency? i said, look, big secret, don't tell anybody, but bush has decided to go with jack danforth of missouri. >> the media ran with the false story. >> felt sort of bad, but i wasn't ly
that's built to last. >> for an economy that's built to last. that's built to last. >> nicole says she doesn't mind hearing the same speech again and again. >> when you know the speech so well in and out, it makes it that much easier to pinpoint when there's something new. it's almost like your ears perk up. >> the whole pack perks up, what was that? >> you see all of us furiously typing or tweeting. >> sometimes campaigns play with reporters, use us for...
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is the country going to return to growth that if the economy continues on this path it's been greece and greece it's been a five year long recession which is frankly i'm precedented for a country that's not in war at war. nor the outcome of this is lower tax receipts it's a bigger you know unemployment benefit bills and definitely that's not conducive to say privatisations in an environment of such and security and contraction so these are a bit tough questions and really what we see is that the greek populations or most of you know the greek society is losing patience because they've been asked to foot the bill before and it hasn't really worked. that said another part of the greek population continues to tax evader and remain largely unaffected by the rises and that is something this government has to really really tackle. so same issues and grace no real different outcome yet but still ahead what about spain we'll hear more from eighteen at stats on the protests in spain and what the dissent means but first closing market numbers. download your application. choose your language st
is the country going to return to growth that if the economy continues on this path it's been greece and greece it's been a five year long recession which is frankly i'm precedented for a country that's not in war at war. nor the outcome of this is lower tax receipts it's a bigger you know unemployment benefit bills and definitely that's not conducive to say privatisations in an environment of such and security and contraction so these are a bit tough questions and really what we see is that...
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presidential elections why is that i mean is that too much of a danger to the global economy they you know people are unhappy right now they are already taking to the streets. i don't think. i don't think it is i mean i think the markets have had a long enough time to digest the situation in greece if greece were default i think it would be it would be concerning but i think markets are been able to. i don't think really people are or are hanging much on what's going to happen in greece of what's not going to happen i think that the concern has moved further west to italy and spain i think that's where the real concern is i don't know what it has to do with politics but certainly the the underlying fundamentals are bad and continue to hear europe so nothing has got better things have only got worse. let's talk about the e.u. leaders they insist on the absolute need to preserve the euro zone but is that possible today i mean you've just spoken about spain with so i can add it to the we've seen how people are out on the streets we saw yesterday lows of protesters out in madrid saying we
presidential elections why is that i mean is that too much of a danger to the global economy they you know people are unhappy right now they are already taking to the streets. i don't think. i don't think it is i mean i think the markets have had a long enough time to digest the situation in greece if greece were default i think it would be it would be concerning but i think markets are been able to. i don't think really people are or are hanging much on what's going to happen in greece of...
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find out what's really happening to the global economy. there are no holds barred the global financial headlines to cause a report. and the. other part of it and realized. i'm sorry welcome to the big picture. and will welcome to you if you just joined us here on our let's take a recap of a headline. spending turns violent. clashes with. syria and iran topped the debate at the u.n. general assembly with. the u.n. . role. the prospects for. julian i saw nj addresses world leaders at the u.n. tearing into washington by the whistleblower who was speaking through an r d sponsored video in a format that does embassy in london where he still holds up. now r.t. talks to professor jeffrey summons about europe's austerity program which many governments believe will save the ailing economies coming up. i'm talking to jeffrey summers an associate professor at the university of wisconsin milwaukee he's also a co is rare and contributor to the forthcoming book the contradictions office start see this so secret on the cost of the new liberal both model
find out what's really happening to the global economy. there are no holds barred the global financial headlines to cause a report. and the. other part of it and realized. i'm sorry welcome to the big picture. and will welcome to you if you just joined us here on our let's take a recap of a headline. spending turns violent. clashes with. syria and iran topped the debate at the u.n. general assembly with. the u.n. . role. the prospects for. julian i saw nj addresses world leaders at the u.n....
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has warned that further quantitative easing will fail to prepare economies in europe and the u.s. well why i am a federal reserve bank which is the lender of last resort responsible for taking the post all the way when the bharti gets to brought this not do their job instead of being the lender of last resort there's a buyer a first resort they buy every schlock piece of junk bond that these investment banks that used to destroy the economy they'll take in their buyer and very garbage bond out there because most of them.
has warned that further quantitative easing will fail to prepare economies in europe and the u.s. well why i am a federal reserve bank which is the lender of last resort responsible for taking the post all the way when the bharti gets to brought this not do their job instead of being the lender of last resort there's a buyer a first resort they buy every schlock piece of junk bond that these investment banks that used to destroy the economy they'll take in their buyer and very garbage bond out...
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there are a lot of people in the underground economy that would be brought above ground with amnesty program. i estimate a federal, state and local tax amnesty program would raise about $800 billion in 90 days. you can also sell some assets off. camped person -- camp pendleton is 500 square miles in california. why not sell it? >>neil: my point, when you say it is too big to handle, you are missing the point, you cannot cut $16 trillion debt but you can boom your way from it. we are losing sight and what bill clinton learned in 1993, 1994, if you present a plan that looks credible like you want to reverse the direction, sometimes that creates a boom in and of itself and inspires confidence in the market that has little confidence right now. i blame both parties, by the way. if you give them a guidepost and show you have now planted your plan, you will be off to the races. i hope and i want to see that tomorrow night. will i? >>guest: i don't know if you will or not. i have been waiting for romney to come hitting the growth agenda and low rate flat tax-and-spending reductions and the
there are a lot of people in the underground economy that would be brought above ground with amnesty program. i estimate a federal, state and local tax amnesty program would raise about $800 billion in 90 days. you can also sell some assets off. camped person -- camp pendleton is 500 square miles in california. why not sell it? >>neil: my point, when you say it is too big to handle, you are missing the point, you cannot cut $16 trillion debt but you can boom your way from it. we are...
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and in the age of questions around china's economy, why materials in this regard? >> materials tend to be among the better performers in the fourth quarter, going back to 1990, possibly because of increased cyclical focus, all 10 sectors in the s & p posted average increases in want fourth quarter with the cyclical ones being better performers. i would be temped to say i might be a little worried about the materials because it's one of the more internationally exposed sectors gloment previous sectors to watch for th past quarter you mentioned in late jun consumer discretionary up, sames will at three, and technology up seven. do you still like these? >> we still have wait recommendation and brought down sames to market weight. >> tom: do you have any positions in these funds, sam? >> i do not. >> tom: look ahead to the quarter ahead, it's soviet, next week on "n.b.r.": we're focusing on one of the keys for getting people back to work, job retraining. on monday, electronic health records, a look at how technology is making it easier for doctors see patients outside
and in the age of questions around china's economy, why materials in this regard? >> materials tend to be among the better performers in the fourth quarter, going back to 1990, possibly because of increased cyclical focus, all 10 sectors in the s & p posted average increases in want fourth quarter with the cyclical ones being better performers. i would be temped to say i might be a little worried about the materials because it's one of the more internationally exposed sectors gloment...
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find out what's really happening to the global economy. for a no holds barred global financial headlines kaiser reports.
find out what's really happening to the global economy. for a no holds barred global financial headlines kaiser reports.
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ megyn: free-for-all friday as we had not one but two car chases. trace gallagher got information on what we are seeing in phoenix, arizona. >> reporter: interstate 10. this guy is flying down internet 10. this has been going on for the better part of one hour. this is a carjacking suspect police have been following. he's driving a dodge caliber. and apparently he has fired shots at police. you can kind of see as they widen out. there are police cruisers behind him. this is going west on interstate 10. those who don't know the western region. interstate 10 runs from where you see now, phoenix, all the way to the coast in santa monica, california. so he could go on for as long as he's got gas thank that tank. the speeds have been upwards of 100 miles an hour. 110 miles an hour at some point in time. again the cops are going to proceed with this as they do in a lot of these car chases which means as much danger as posed to t
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ megyn: free-for-all friday as we had not one but two car chases. trace gallagher got information on what we are seeing in phoenix, arizona. >> reporter: interstate 10. this guy is flying down internet 10. this has been going on for the better part of one hour. this is a carjacking suspect police have been following. he's driving a dodge...
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it is europe's largest -- fourth largest economy. gavin hewitt has more from madrid. >> lines of police outside the education ministry in madrid tonight. teachers protested here against cuts. they came onto the street at the government's announced the most severe round of budget savings so far. these latest austerity measures are widely seen as paving the way for a full-scale bailout. >> [spending -- speaking spanish] >> the minister of finance said he heard 2012 would be the last year the economy would shrink. another minister described it as a crisis budget designed to exit the crisis. this austerity budget aims to find savings of 40 billion joerres next year. each government department would how to make cuts of 90%. public-sector pay will be frozen for another year, and the retirement age is set to rise. >> just a few weeks ago, europe believed it had achieved a breakthrough. the european central bank said it would help come -- countries like spain by buying their bonds and reducing their borrowing costs. but there was a catch, sp
it is europe's largest -- fourth largest economy. gavin hewitt has more from madrid. >> lines of police outside the education ministry in madrid tonight. teachers protested here against cuts. they came onto the street at the government's announced the most severe round of budget savings so far. these latest austerity measures are widely seen as paving the way for a full-scale bailout. >> [spending -- speaking spanish] >> the minister of finance said he heard 2012 would be the...
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we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. those little things for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection
we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. those little things for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the...